Mr. Mark Scott reports

SASSY BUILDS DOMINANT LAND POSITION IN UTAH'S MOST PROLIFIC URANIUM DISTRICT

Sassy Gold Corp. has provided further information on its continuing uranium property acquisitions in the Western United States, strategically positioning Sassy as the most dominant landholder with multiple past-producing mines and deposits in Lisbon Valley, Utah, historically the state's most productive uranium district.

Highlights:

• Sassy's binding letters of intent announced March 1, 2024, now include a Utah state lease contiguous to the claims comprising the Central Lisbon project (without change to the terms of the transaction).
• The total Lisbon Valley land package to be acquired by Sassy (North Lisbon and Central Lisbon) encompasses approximately two-thirds of this entire past-producing district (16 miles long and up to one mile wide), which was responsible for 78 million pounds of uranium production between 1948 and 1988, 9 per cent of total U.S. domestic uranium produced during that period, mostly from the lower member (Moss Back) of the Chinle formation (source: Chenoweth, 2006, Utah Geological Association Publication 32).
• Significant new discovery potential exists in the underlying and underexplored Cutler formation, which hosts massive sandstone units and was determined to be an economic host in the late 1970s (source: Chenoweth, 2006, Utah Geological Association Publication 32).
• Except for the Jackpile-Paquate area in Cibola county, New Mexico, the Lisbon Valley in Utah has produced more uranium than any area of similar size in the United States. In addition to uranium, more than 24 million pounds of vanadium oxide (V2O5) was associated with some of the ores, especially in the central and southern parts of Lisbon Valley (source: Chenoweth, 2006, Utah Geological Association Publication 32).

Mark Scott, president and chief executive officer of Sassy, commented: "We are proceeding toward completion of the definitive agreement announced March 1. Utah is one of America's most friendly and dynamic jurisdictions for business and also features the country's only operating conventional uranium mill, Energy Fuels' White Mesa. Not only is the Independence property permitted for small-scale production, but this deal gives us dominance in the critical Lisbon Valley district, where there is exceptional exploration upside. We're assembling a team with the ability to unlock the value of these assets, highlighted by 14 past-producing properties, and leverage the opportunity for Sassy shareholders."

Moving forward in Lisbon Valley

The uranium deposits in the Lisbon Valley district form a mineralized belt approximately 16 miles long and up to one mile wide on the southwestern flank of the Lisbon Valley anticline, one of several northwest-trending salt anticlines in the Paradox basin. Sassy's deal to acquire the Kimmerle Mining LLC properties would give it control over most of this belt.

A five-mile-long portion of the south-central part of the ore belt has been removed by erosion, leaving about six miles of large deposits to the northwest (the area largely covered by Sassy's continuing acquisitions) and an additional five miles of scattered smaller deposits to the southeast. The cluster of nearby coalesced deposits at the north end of the belt (Lisbon to LaSal No. 2) has produced 43.8 million pounds of uranium oxide (U3O8), and the cluster in the centre of the belt (Big Buck 4 to Ash) has produced 23.6 million pounds U3O8 (source: Chenoweth, 2006, Utah Geological Association Publication 32).

Economic production potential for the Lisbon Valley Chinle deposits may exist in the known deposits present in the past-producing mines, which were shuttered in 1984 and beyond. Bringing these resources current to today's National Instrument 43-101 standards and the incremental expansion of these resources through routine production planning processes may bring new life to the Lisbon Valley Chinle-hosted deposits.

Even greater potential may yet exist in Lisbon Valley's known and as-yet-undiscovered Cutler-hosted deposits. As these Cutler deposits do not occur within the Chinle belt, they are not limited to the relatively narrow width of the Chinle belt. Past exploration within the northern half of the Lisbon Valley has generally been focused on the Chinle belt, so, here, the potential to locate additional deposits in the Cutler formation west of the Chinle is quite promising and has been accomplished previously.

Investors are cautioned that a qualified person (as defined in NI 43-101) has not done sufficient work to verify the historical drilling data. Additional work, including confirmatory drilling and logging, will be required to confirm and update the historical drilling and logging data, including a review of data integrity, assumptions, parameters, methods and testing. Historical exploration data do not meet reporting requirements as prescribed under NI 43-101. Sassy is not treating the historical data as current, and they should not be relied upon.

Qualified person

The technical information in this news release has been reviewed and approved by Ian Fraser, PGeo. Mr. Fraser is the qualified person responsible for the scientific and technical information contained herein under NI 43-101 standards.

About Sassy Gold Corp.

Sassy is an exploration-stage resource company currently engaged in the identification, acquisition and exploration of high-grade precious metal and base metal projects in North America and uranium properties in the Western United States. Sassy owns 100 per cent of the Foremore project, located in the Eskay camp in the Liard mining division in the heart of northwestern British Columbia's prolific Golden Triangle. Sassy also holds a 20-per-cent interest in the Highrock uranium project in Saskatchewan's Athabasca basin and significant equity positions in Gander Gold Corp., Galloper Gold Corp. and Max Power Mining Corp., giving the company and its investors direct and indirect exposure to gold, copper, lithium and uranium.

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